SECURITY AGREEMENTSecurity Agreement • November 9th, 2007 • Widepoint Corp • Services-computer integrated systems design • Florida
This SECURITY AGREEMENT (this “Agreement”), effective as of November 5, 2007, is made, executed and given jointly and severally by Protexx, Inc., a Delaware corporation and each of its subsidiaries, with a principal place of business at 10 Fairway Drive, Suite 107, Deerfield Beach, Florida 33441, and 22THEN LLC, a Delaware limited liability company, with its principal place of business at 350 Fifth Ave, 59th Floor, New York, NY 10118 (collectively referred to herein as the “Debtor”), to and in favor of WidePoint Corporation, a Delaware corporation (the “Secured Party”), with a principal place of business at One Lincoln Center, R.E., Suite 1100, Oakbrook Terrace, Illinois 60181. Capitalized terms used in this Agreement and not defined herein shall have the meaning given such terms in the Revolving Line of Credit Agreement, dated as of November 5, 2007 (as amended or modified from time to time, the “Credit Agreement”).
Software Escrow AgreementSoftware Escrow Agreement • November 9th, 2007 • Widepoint Corp • Services-computer integrated systems design • Delaware
This Software Escrow Agreement (the “Agreement”) is entered into as of November 5, 2007, between 22THEN LLC and Protexx Incorporated (collectively, the “Supplier”); WidePoint Corporation (“User”); and the law firm of Foley & Lardner LLP (the “Escrow Agent”).
REVOLVING LINE OF CREDIT AGREEMENTCredit Agreement • November 9th, 2007 • Widepoint Corp • Services-computer integrated systems design • Delaware
This Revolving Line of Credit Agreement, dated as of November 5, 2007 (the “Agreement”), is made by and among Protexx, Inc., a Delaware corporation whose principal office is located at 10 Fairway Drive, Suite 107, Deerfield Beach, Florida 33441 and its subsidiaries, including but not limited to 22THEN LLC (collectively, the “Borrower”), Peter, Letizia, an individual whose home address is 10784 Crescend Circle., Boca Raton, FL 33498 (“Guarantor”), and WidePoint Corporation, a Delaware corporation with its principal office located at One Lincoln Center, R.E., Suite 1100, Oakbrook Terrace, Illinois 60181 (“Lender”).
